Economic Growth

by Gary Gardner

The looks I get are familiar at this point: the blank stare screaming What do you mean, a no-growth economy? The frown of doubt that silently demands, Are you crazy? This is how skepticism about degrowth and steady-state economics manifests in my own life.

The work of a steady-state proponent is not for the faint of heart, to be sure. Steady state economies are sorely needed today but are far from being widely understood,

The post Selling the Steady State Economy appeared first on Center for the Advancement of the Steady State Economy.

by John Mirisch

Times are evidently rough for our natalist, growthmaniac friends.

More people than ever are questioning their agenda of increasing the planet’s population beyond the current 8 billion people (double the level of less than fifty years ago) in the name of “progress” and profit. Yet the growthmaniacs’ only response to anyone who links human population and ecological overshoot is to scream “Malthus!” at the top of their lungs (although some Marvel fanboy growthmaniacs have been known to respond “Thanos!” instead).

The post “I Know You’re Malthusian, But What Am I?” appeared first on Center for the Advancement of the Steady State Economy.

by Gregory M. Mikkelson

An important recent article on resource use and its environmental impacts starts from the premise that “the planet’s resources and ecosystems are a commons, and… all people are entitled to an equal, sustainable share.” Alas, the world today deviates wildly from this norm. Indeed, inequality—of resource use, but also of income and wealth—is extremely high today and is actually worsened by economic growth. What’s more, it is bad for our politics,

The post A Steady State Sustains All Boats appeared first on Center for the Advancement of the Steady State Economy.

by Cole Thompson

Artificial Intelligence, or AI, is attracting great attention as working AI systems become accessible to the public. The AI claim is that it can digest the mass of knowledge that humanity has made public, then perform cognitive tasks with that knowledge or answer questions with speed and accuracy. This has many implications, some potentially worrisome. But when AI works well, it can serve up some interesting “truths.”

While AI does not generate authoritative or definitive information—you wouldn’t bet your savings on its output—my sense is that its findings often deserve a hearing.

The post Even AI Understands Limits to Growth appeared first on Center for the Advancement of the Steady State Economy.

by Gary Gardner

Last week the Intergovernmental Panel on Climate Change (IPCC) issued what Greenpeace International called the “final warning” in the global effort to limit warming to 1.5 degrees Celsius (2.7° Fahrenheit) above preindustrial levels. After three decades of increasingly insistent wake-up calls, the Panel laid out the sobering reality: Meeting the temperature goal set by the global community in 2015 is impossible without an immediate response, “a quantum leap in climate action,” in the words of United Nations Secretary General Antonio Guterres.

The post A “Final Warning” on Climate appeared first on Center for the Advancement of the Steady State Economy.

by Brian Czech

Banks are macroeconomic mirrors. They reflect the activity of the real economy. If the economy is growing, so are the banks, starting with the Federal Reserve and its regional banks, all the way out to tiny First Michigan Bank, Oakwood Bank (the smallest bank in bank-laden Texas), and the patriotically named Citizens Bank of Americus (Georgia).

Not only do the banks,

The post Lesson from a Failed Bank: Only One Real Start-Up appeared first on Center for the Advancement of the Steady State Economy.

by Gregory M. Mikkelson

Just as it does for a certain “old man on a green bike,” my commitment to car-free travel often drives me to greater levels of exercise, and more vivid experiences of nature, than one would get behind the wheel of a car. Unfortunately, economic growth has progressively degraded one such experience. Trips to my partner’s lake cottage begin with a commuter train in Montréal and end with an hour-long walk on a dirt road through the countryside.

The post Bulldozing the Planet appeared first on Center for the Advancement of the Steady State Economy.

by Orsolya Lelkes

From a historical perspective, we should be living in the happiest of all worlds. Ours is a culture ostensibly centered around happiness: The mainstream neoclassical economic system aims to maximize pleasure (utility) for all, and is based on the assumption that we humans seek the greatest pleasure and the least pain, and that this quest is the main driver of our actions.

Happiness has also been a philosophical,

The post Happiness Matters, Even in a Steady State Economy! Part 1: Sustainable Hedonism appeared first on Center for the Advancement of the Steady State Economy.

by Gary Gardner

Official Washington is all aflutter over whether Congress should raise the ceiling on U.S. government debt. But this is not the most pressing debt question our country faces.

To see why, step back and enlarge the frame.  A new question emerges: Why would Congress create an artificial and wholly unnecessary debt crisis while ignoring a far more dangerous and decidedly real debt trap? I speak of our ballooning ecological debt,

The post What About the Other Debt Ceiling? appeared first on Center for the Advancement of the Steady State Economy.